Wednesday, February 5, 2020 - 12:19pm

SubPrime Auto Finance News Staff

DigniFi is looking to provide a financing option for dealership customers who might already be stretching their budget and then encounter a costly repair or other stumbling blocks to securing the necessary funds for vehicle delivery. On Wednesday, the company expanded access to financial services for dealers with the... Read More

Tuesday, February 4, 2020 - 10:54am

SubPrime Auto Finance News Staff

  The experts at ALG, Cox Automotive and Edmunds spotted a stable start to 2020 on the auto-finance front, with annual percentage rate (APR) for used vehicles remaining nearly steady and APR on new models moving higher but not dramatically. Plus, incentives leveraged by automakers actually declined. According to data... Read More

Monday, February 3, 2020 - 12:31pm

SubPrime Auto Finance News Staff

Users such as Mastria Auto Group are enjoying the latest product from Darwin Automotive that became widely available for dealerships on Monday. The company released Darwin Online’s Fastlane, which is designed to improve the vehicle purchase or lease process so consumers can go into the Darwin application using any... Read More

Monday, February 3, 2020 - 12:30pm

SubPrime Auto Finance News Staff

Cloud-based dealer management system provider DealerCenter finalized enhanced relationships with a subprime auto finance company and a provider of vehicle service contracts with the developments aimed at helping independent dealers. According to separate news releases, DealerCenter now has improved connections with... Read More

Thursday, January 30, 2020 - 1:07pm

SubPrime Auto Finance News Staff

AUL Corp. thinks so highly of chief information officer Jose Fleites that the F&I provider promoted him this week to a dual executive position. AUL president and chief executive officer Jimmy Atkinson appointed Fleites to the role of chief operating officer in addition to retaining his duties as CIO. According to... Read More

Thursday, January 30, 2020 - 1:03pm

SubPrime Auto Finance News Staff

Finance companies and other service providers involved with auto financing now have a bit more clarity about what the Consumer Financial Protection Bureau constitutes as abusive practices. Last week, the bureau issued a policy statement providing what the regulator called a “common-sense framework” on how it... Read More

Thursday, January 30, 2020 - 10:39am

SubPrime Auto Finance News Staff

Earlier this month, the American Bankers Association Economic Advisory Committee projected that the Federal Reserve wouldn’t adjust interest rates. Thus far, the forecast from that collection of 15 bank economists is holding true as the Federal Open Market Committee voted unanimously to maintain the target range... Read More

Wednesday, January 29, 2020 - 11:44am

SubPrime Auto Finance News Staff

Bryan Geist of masterQueue was one of several repossession industry experts who gave presentations during the 2019 Innovations in Recovery Summit hosted by Resolvion last fall in Dallas. Geist began his presentation recollecting tactics some collections agents might have used in the past, pretending to be just about... Read More